Qatar Petroleum to sell shares in its Qatalum joint venture

Image courtesy of Qatalum

Qatar Petroleum will be offering 49 percent of its shares in its joint venture Qatalum in a public offering for Qatari nationals.

Qatalum, a joint venture with the Norwegian company Hydro, produces about 645,000 tons per year of aluminum to customers in Asia, Europe and the United States. Its facilities include a carbon plant, port and storage facilities and as well as a gas-fired power plant.

It is expected that the necessary procedures and approvals will be taken for listing on the Qatar Exchange during the last quarter of this year.

Qatar Petroleum will also establish a holding company that will acquire Qatar Petroleum’s stake in Qatalum.

The move is regarded as an important step in implementing Qatar National Vision 200’s goals in developing the national economy.

6th Mozambique Gas Summit & Exhibition

LNG2019

01/04/2019 - 05/04/2019

LNG2019 is presented by the IGU, GTI and IIR, supported by the Shanghai Government and hosted by China LNG Association, China Gas Society, The Chinese Association of Refrigeration and China Gas Association.